Fintech News

Bitcoin is experiencing consolidation over the last few weeks and has been trading in the range of $50,000-$53000 after rallying by nearly 36% since the start of 2024, Shivam Thakral, CEO of BuyUcoin said, adding that Bitcoin has failed to breach the $53,000 resistance. Meanwhile, CoinDCX sees bearishness on the back of the first net …

Crypto Price Today: Bitcoin down at $53,000. Here’s how Solana, BNB & others traded Read More »

Srinivasan Sridhar, former chairman of state-owned Central Bank of India, former Bank of Baroda Executive Director Ashok Kumar Garg and two retired Indian Administrative Service officers will join the payments bank’s board, Paytm said in an exchange filing.

The Directorate of Enforcement (ED) is probing Paytm regarding forex violations by some of its merchants. In its response, Paytm has said it is not authorised by the central bank to deal in forex, and hence there is no question of violation. Who is authorised to deal in forex in India? What is the role …

Paytm’s forex woes: Understanding the role of fintechs in cross-border payments Read More »

India’s RBI directed Paytm Payment Bank to stop accepting deposits and credit transactions after March 15 due to non-compliance. PhonePe’s CEO mentioned there was ample time for Paytm to respond. PineLabs emphasized trust cannot be bought. Since the ban on Paytm Payments bank, NPCI and RBI have stressed on the importance of following regulatory norms

Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the Wallet rather than their bank account, thus limiting exposure when making financial transactions.

Sources indicate that the purpose of the FM’s meeting with the CEOs of fintech companies is to discuss their concerns and challenges. The meeting is anticipated to include senior officials from the Reserve Bank, the finance ministry, and the Department for Promotion of Industry and Internal Trade, among others. Read more:

The Reserve Bank directed Paytm Payments Bank (PPBL) to stop accepting deposits after March 15. RBI has directed NPCI to examine Paytm’s request to become a Third-Party Application Provider for UPI. NHAI removed PPBL from the list of authorized banks for selling Fastags. Read on to know more about the development on the matter:

The Reserve Bank of India (RBI) has taken steps to ensure seamless digital payments for UPI customers using the @paytm handle, as Paytm Payments Bank won’t accept further credits after March 15, 2024. The RBI advises NPCI to examine Paytm’s request to become a Third-Party Application Provider for UPI. @paytm handles must migrate seamlessly to …

RBI takes more actions on Paytm Payments Bank; Check details if you have @Paytm UPI handle Read More »

NPCI chief Dilip Asbe emphasized the importance of compliance for long-term success in the fintech space. He discussed recent regulatory actions against Paytm Payments Bank and highlighted growth opportunities in digital payments. Asbe mentioned NPCI’s interest in international expansion and the potential of AI in the payment industry.

​Software solutions provider firm Trust Fintech Ltd on Friday said it has raised Rs 5.42 crore in a pre-IPO funding round. Earlier this month, the company filed preliminary papers for the Initial Public Offering (IPO) and the shares are expected to be listed on NSE Emerge in March.